To the North East I have Morwell (Princes Hwy or National Route 1) and to the west-ish I have Leongatha, im a few hundred meters above sea level so no flooding (as in standing water) but it does tend to run through the place when I get heavy rain which is fairly often here because im in one of the highest rainfall areas in Victoria.
The Highway you see is the Strzelecki Hwy, a "B" road and the Mirboo North area is where most of Vics Dairy products come from.
I of course have to be a bit different and breed Sheep lol